LaLiga clubs' short-term bank loans up €370 million since outbreak of pandemic
10 March 2021
A massive debt pileup by Barcelona and Real Madrid have driven a rise in LaLiga clubs' short-term financial debt by a combined €370.3 million from 18/19 to 19/20.
Sports Business Institute lecturer describes the situation as "worrying" with normalisation of revenues some way off.
However, LaLiga's director of economic control says cost reductions and financial flexibility across the board ensure clubs can continue to sustain operations.
Transfer spending has been significantly reduced as a direct result of the league's financial regulations, with LaLiga playing an active role in helping clubs find financing solutions.
FC Barcelona's financial and operational turmoil has been well documented in the past few months. But obviously they are not the only Spanish club to, at least on the surface, have come under increased financial pressure as a result of the pandemic's impact on revenue streams.
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